The Singapore-listed offshore vessel operator said the three-year collaboration agreement involves submersible launch vessels and other units to support construction activities. The vessels will either be placed on charter to COOEC or provided through subcontracts on project awards.

COOEC is a subsidiary of China National Offshore Oil Corporation (CNOOC), one of the country’s largest state-owned oil and gas producers.

“Partnering COOEC will present Vallianz with an enormous opportunity to enter the vast offshore oil and gas industry in China,” said Darren Yeo, the chief executive of Singapore-listed Vallianz.

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